Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. By pooling the liquidity of cryptocurrencies, we are building the financial system of the future.
Reduced Counterparty & Exchange Risk
Loopring does not require members to send tokens to exchanges for custody. Tokens always remain in their blockchain addresses during the whole transaction life cycle Members can even transfer their tokens around after orders are submitted - Loopring will automatically adjust trading amount at the initial price. Loopring protects members from threats such as exchange bankruptcies and DDOS.
Orders are automatically executed while trade’s funds remain under their control in a decentralized smart contract on the blockchain.
Loopring mechanism allows to order break into small pieces, identifies the best exchanges and times to trade those pieces on, and applies game theoretic logic to optimize trading results. Loopring can also well protect trading from DDOS attack.
Loopring is a decentralized, automated trading intelligence interfaces between crypto exchanges and blockchains, using our balance sheet to enable users to realize liquidity many times greater than available directly in the market, by both generating liquidity within the platform and breaking orders into small pieces that are placed across all market venues simultaneously.
Loopring was designed to be blockchain agnostic. As long as a blockchain has smart-contract support, Loopring can be implemented, and all ERC20-like tokens on such a blockchain can be traded under Loopring.
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A car rental software is used by pure car rental companies like Avis. The software helps such companies to setup a rental management system and manage all the cars that have been rented out. It also has features for fleet management etc. Most car rental companies provide cars that needs to be self driven by the renter.
A vehicle hire software is used mainly by Taxi dispatch companies. These companies provide cab, taxi on hire for passengers. The duration of the hire can be anywhere between 15 minutes to 2 hours on an average. Innovative companies like UBER, LYFT etc. have taken the standards of vehicle hire software to next level. Most vehicle hire companies provide cars that have a driver driving it for you.
Yes. That is what we have been doing with our Smart car software suite. The best features of any car rental software, Fleet management, Taxi Dispatch systems etc. have been merged to give an awesome & seamless experience.